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Moving Insurance Coverage: What you ought to Know

When you are planning on employing a professional mover, you would like to form good decisions on a few important issues. One of the foremost essential pieces of information you would like when hiring a mover is checking out about the kinds of coverage they provide.

Many people make the mistake of moving without insurance. Such a reckless decision can land you in serious trouble, especially if you have high-value items, like antiques, expensive furniture, and more.

Moving always presents possibilities for problems – there can be a number of challenges that you can run into that could put your possessions at risk. Moving with a solid insurance plan protects you from costs of property damage and loss.

You Should Consider Moving Insurance

Moving to a new place – long-distance or locally – is never easy. You may encounter issues while loading and unloading your goods. You may have valuables that are worth thousands of dollars. That’s why you absolutely need to insure your move, especially with expensive items that need to be covered fully.

Unlike local moving, moving interstate has several challenges – you may definitely want to find out about insurance when your goods are going a long distance. Depending on your unique moving situation, you need to explore all the potential coverages and select those that will protect you most fully.

What Are the Different Types of Moving Insurance?

If you think your moving company valuation or homeowner’s policy will cover everything, you may find out that you don’t have the type of insurance that will FULLY cover what YOU are most concerned about.  As an example, if your moving truck runs into something – a building, road obstruction, or another vehicle – your moving company might not cover the total value of your valuables. You need to find out about insurance policies before signing a contract with any moving company.

The most common types of moving insurance include –

Basic Carrier Liability

Basic carrier liability is the least amount of liability that your moving company should provide for free as they ship your items.

Declared Value Protection

Full Replacement Liability

When you have full replacement liability insurance, your moving company’s policy will pay whatever it costs for replacement or repair expenses of damaged goods.

Extraordinary value items.

Extraordinary value items are worth a lot of money. You can get this type of coverage for specific valuables like art collections, silverware, jewels, antique items, and electronics, but you usually have to have a solid appraisal or record of purchase to get coverage for the full amount.

What Moving Companies Don’t Cover?

Moving companies can’t provide you with complete coverage of all lost items unless THEIR inventory shows that they took possession of them. Movers also won’t take into account items that they didn’t pack or losses resulting from natural disasters. Again, you need to discuss your moving concerns with your movers and check whether all items will or can be covered by valuation.

Homeowner’s Policy May Not Offer Full Coverage

Homeowner’s insurance will not cover your entire move. You should read your policy documents carefully or speak with someone from the insurance company to be absolutely sure of what’s included. It is unwise to think your homeowner’s policy will cover everything – you really do need to confirm your coverage with your insurance provider.

Final Thoughts

Moving challenges can occur at any time – you need to be thorough with your preparation. The above guidelines offer valuable insight into insurance policies and how to choose the best protection plan for your move.

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